Hynix Shares Take a Beating
Amid Concerns About Demand

By

Meeyoung Song Staff Reporter of The Wall Street Journal

Updated July 5, 2001 12:01 a.m. ET

SEOUL, South Korea -- Foreign investors may well be regretting their recent purchases in Hynix Semiconductor.

Last month, Hynix, the world's third-largest memory chip producer, stunned many in Asia's financial markets by successfully raising $1.25 billion in new funds from global depositary receipts. This came despite a slump in global demand for its dynamic random access memory chips, the company's main source of income, though Hynix...